DIS Stock Dips Over 4%; Likely Due to Senior VP's Resignation?

Walt Disney Company (NYSE: DIS) stock started falling on June 16, 2023, and continued to slide until its last trading session on June 21, with prices slipping more than 4.50%. In Wednesday’s trading session, DIS stock lost $1.11 of its trading prices.

According to TradingView, prices of DIS stock declined by 5.96% in a week and lost 2.95% in a month. Despite technical analysis indicating that selling DIS stock would be more favorable, analysts continue to recommend buying and holding the stock.

The annual price target of DIS Stock is $119.13, and it was trading at $88.64 at press time. In the 52-week range, the lowest price traded at was $84.07, while the highest was $126.48. The overall market capitalization of the Walt Disney Company is $161.972 billion.

Since the last three trading sessions, a significant sell-off has been observed, and on June 21, the trading volume was 17.87 million. In the financial year 2022, total revenue generated by Walt Disney Company was $82.58 billion, out of which $23.15 billion is gross profit, $6.77 billion is operating income, Pre-tax income $5.29 Billion, and Net income $3.15 Billion.

On Wednesday, DIS Stock opened trading at $89.55, slipping to $88.11, hitting a high of $89.67, and finally closing at $88.64.

News Associated With Disney

As per rumors, Ryan Murphy, the famous American television writer, producer, and director, might discontinue his agreement with Netflix and join the Disney empire. However, there has not been any official confirmation regarding this information.

Some sources claim that falling prices of DIS Stock might be affected by the resignation of Lantondra Newton, who was serving as Chief Diversity Officer and Senior Vice President of the Walt Disney Company.

Walt Disney Company (NYSE: DIS Stock) Earnings & Revenue

In Q1 2023, the estimated revenue of Walt Disney was $23.44 billion, but the company bypassed the figures by 0.30% and reported a revenue of $23.51 billion. In Q2 2023, the company reported .09% more revenue than estimated figures.

In Q1 2023, Earnings Per Share (EPS) of Dis Stock surged over +28.95%, but in Q2 2023, EPS reflected a steep decline of 0.34%. The revenue and profit conversion constitute 28% gross profit, 14% Ebitda, 8% Ebit, and 4% net income.

Over 60% of Walt Disney’s revenue is generated from media, entertainment, Disney Park, Experience, and Product distribution. The company’s Major markets are America, Europe, and dozens of places within the Asia-Pacific region.

Around 1.826 billion shares of DIS are free-floating, and 1.08 million are closely held by the company’s financial backers or board members.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing